CenterBook Partners LP Raises Stock Holdings in Global Payments Inc. $GPN

CenterBook Partners LP lifted its holdings in Global Payments Inc. (NYSE:GPN) by 72.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,654 shares of the business services provider’s stock after buying an additional 26,374 shares during the quarter. CenterBook Partners LP’s holdings in Global Payments were worth $4,849,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of GPN. REAP Financial Group LLC purchased a new stake in shares of Global Payments in the third quarter worth approximately $28,000. SouthState Bank Corp purchased a new stake in shares of Global Payments in the third quarter worth approximately $28,000. True Wealth Design LLC raised its holdings in shares of Global Payments by 183.6% in the fourth quarter. True Wealth Design LLC now owns 431 shares of the business services provider’s stock worth $33,000 after buying an additional 279 shares during the period. Torren Management LLC purchased a new stake in shares of Global Payments in the fourth quarter worth approximately $34,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Global Payments in the third quarter worth approximately $35,000. 89.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GPN has been the topic of several recent analyst reports. BMO Capital Markets assumed coverage on Global Payments in a report on Tuesday, April 21st. They issued a “market perform” rating and a $76.00 price target on the stock. Rothschild & Co Redburn reduced their price objective on Global Payments from $70.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. Susquehanna set a $111.00 price objective on Global Payments and gave the stock a “positive” rating in a report on Wednesday. Stephens set a $80.00 price objective on Global Payments and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Citigroup reduced their price objective on Global Payments from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Global Payments has a consensus rating of “Hold” and an average price target of $85.50.

Global Payments Trading Up 0.0%

NYSE GPN opened at $66.35 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $18.15 billion, a price-to-earnings ratio of -32.53, a price-to-earnings-growth ratio of 0.37 and a beta of 0.76. The company’s 50-day simple moving average is $69.21 and its two-hundred day simple moving average is $73.34. Global Payments Inc. has a one year low of $62.45 and a one year high of $90.64.

Global Payments (NYSE:GPN) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. Global Payments had a positive return on equity of 13.11% and a negative net margin of 7.99%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the business posted $2.82 EPS. The business’s revenue was up 63.1% compared to the same quarter last year. Global Payments has set its FY 2026 guidance at 13.800-14.000 EPS. Equities analysts forecast that Global Payments Inc. will post 13.89 EPS for the current fiscal year.

Global Payments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.25 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. Global Payments’s dividend payout ratio (DPR) is currently -49.02%.

Global Payments Profile

Global Payments Inc (NYSE: GPN) is a worldwide provider of payment technology and software solutions that enables commerce for merchants, issuers and enterprises. The company develops and operates payment processing networks, point-of-sale systems and cloud-based software that facilitate electronic transactions across in-store, online and mobile channels. Its services span merchant acquiring, payment gateway services, omnichannel commerce platforms, and solutions for recurring and subscription billing.

Global Payments offers a range of products and services including integrated payment terminals and point-of-sale software, e-commerce and gateway technologies, fraud prevention and tokenization tools, and business analytics and reporting.